en-usMorning Edition RSS FeedMorning EditionTue, 03 Mar 2015 18:47:23 +0000Bizjournals RSShttp://www.bizjournals.com
American City Business Journals, Inc. and its licensors. All rights. reserved.http://www.bizjournals.com/boston/blog/mass_roundup/2015/03/massdevelopments-saltonstall-stumbles-coming-to-an.htmlMassDevelopment's Saltonstall stumbles coming to an end; sale eyed by 'mid-March'Tue, 03 Mar 2015 12:24:46 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/wHqhh0Q0MDI/massdevelopments-saltonstall-stumbles-coming-to-an.html
Well, that was an experience.
Roughly a year after the BBJ first reported that MassDevelopment, the quasi-state agency that helps finance everything from college dorms to local town halls, was booking losses through a wayward bet on Downtown Boston real estate, it now appears a sale of the 565,000-square-foot property in question is imminent. Like, two weeks from now imminent.
MassDevelopment disclosed last week that a deal for the Cambridge Street asset known as The Saltonstall Building is expected…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/wHqhh0Q0MDI" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/03/massdevelopments-saltonstall-stumbles-coming-to-an.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/03/bain-capital-unit-seeking-3-5b-distressed-debt.htmlBain Capital unit seeking $3.5B distressed-debt fundTue, 03 Mar 2015 12:16:12 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/BgCQhAGMJ78/bain-capital-unit-seeking-3-5b-distressed-debt.html
A Bain Capital investment unit is seeking up to $3.5 billion for a new distressed-debt fund targeting companies throughout the globe.
According to Bloomberg News, Sankaty Advisors will deploy the new fund in an array of troubled industries including energy, shipping, metals and mining. And, um, media.
The newswire reported on the new fund after obtaining a letter the Boston-based firm sent to potential investors.
Plans for the new fund follow similar announcements concerning distress-debt fund…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/BgCQhAGMJ78" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/03/bain-capital-unit-seeking-3-5b-distressed-debt.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/03/armed-robbers-steal-4m-in-gold-headed-for.htmlArmed robbers steal $4M in gold headed for MassachusettsTue, 03 Mar 2015 12:05:51 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/Mx7VvG4BDa8/armed-robbers-steal-4m-in-gold-headed-for.html
<img src="http://media.bizj.us/view/img/3421301/police-lights-flash-siren*100xx278-278-17-0.jpg">Reuters is reporting that three armed men stole roughly $4 million in gold from a tractor trailer headed to Massachusetts.
The truck's specific destination was not disclosed. The newswire said the thieves remain on the run after heisting the gold from a TransValue Inc. transport vehicle around 6:45 p.m. Sunday along Interstate 95 in Wilson County, North Carolina.
The truck initially stopped along the highway after encountering mechanical problems, according to police reports. Reuters reported that…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/Mx7VvG4BDa8" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/03/armed-robbers-steal-4m-in-gold-headed-for.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/03/baker-seeks-to-end-film-tax-credit-entice-early.htmlBaker seeks to end film-tax credit, entice early retirement for some workersTue, 03 Mar 2015 11:57:49 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/lnHSBCDJq5I/baker-seeks-to-end-film-tax-credit-entice-early.html
<img src="http://media.bizj.us/view/img/3255151/filmtrucks02*100xx1144-1147-69-0.jpg">Massachusetts Gov. Charlie Baker announced plans to end the state's often criticized film-tax credit as part of an effort to close the commonwealth's expanding budget hole in the current fiscal year.
Baker's call for action Monday was no doubt welcome news for opponents of the credit program, which has been used to offset production costs for movie and related film crews as a means to draw more of that business to the Bay State. Qualifying productions also have been relieved of paying state sales…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/lnHSBCDJq5I" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/03/baker-seeks-to-end-film-tax-credit-entice-early.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/tjx-joins-retailer-rush-to-hike-minimum-hourly.htmlTJX joins retailer rush to hike minimum hourly wage to $9Thu, 26 Feb 2015 12:08:40 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/71UMfC2wzCg/tjx-joins-retailer-rush-to-hike-minimum-hourly.html
<img src="http://media.bizj.us/view/img/538301/0804-carol-meyrowitz-tjx-315*100xx309-309-3-0.jpg">The TJX Cos. Inc. is following Wal-Mart's lead by boosting base-level pay for its workers to $9 an hour.
According to Bloomberg News, the move is scheduled to take effect in June and will be followed by another wage increase – to a minimum of $10 per hour – for all workers with at least six months of employment at the company's portfolio of clothing and home-goods retailers including T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post Associates.
Investors cheered the move, made Wednesday.…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/71UMfC2wzCg" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/tjx-joins-retailer-rush-to-hike-minimum-hourly.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/bill-cosbys-legal-team-seeks-dismissal-of-suit-in.htmlBill Cosby's legal team seeks dismissal of suit in Massachusetts courtThu, 26 Feb 2015 11:55:53 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/DKGgpC03j5c/bill-cosbys-legal-team-seeks-dismissal-of-suit-in.html
Bill Cosby's legal team has asked a Massachusetts judge to dismiss a federal lawsuit filed by three women who claim the renowned comedian defamed them when he called them "liars" when they accused him of past cases of sexual assault.
The 77-year-old Cosby has been accused of drugging and sexually assaulting the three plaintiffs in the case being tried in U.S. District Court in Springfield. According to Reuters, Cosby's attorneys as well as the lawyers representing the three women in question have…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/DKGgpC03j5c" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/bill-cosbys-legal-team-seeks-dismissal-of-suit-in.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/suffolk-construction-reverses-course-will-keep-hq.htmlSuffolk Construction reverses course, will keep HQ in RoxburyThu, 26 Feb 2015 11:46:02 +0000Craig Douglashttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/sC6VWM6V9xI/suffolk-construction-reverses-course-will-keep-hq.html
<img src="http://media.bizj.us/view/img/3163751/0318admiredfishjohnh*100xx1813-1813-454-0.jpg">Roughly a year after stirring controversy with plans to move its headquarters to South Boston, Suffolk Construction has reversed course and instead will stay based in the city's fast-evolving Roxbury neighborhood.
According to the Boston Globe, Suffolk CEO John Fish said his company spent around $600,000 ahead of the planned South Boston move but ultimately reversed course for a variety of operating as well as cultural reasons. "We studied the hell out of it," Fish told the Globe. "At the end of…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/sC6VWM6V9xI" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/suffolk-construction-reverses-course-will-keep-hq.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/dear-mbta-your-non-apology-has-been-fully-accepted.htmlDear MBTA: Your non-apology has been fully acceptedTue, 24 Feb 2015 13:43:29 +0000Catherine Carlockhttp://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/qjCd3qM3zwk/dear-mbta-your-non-apology-has-been-fully-accepted.html
<img src="http://media.bizj.us/view/img/5146891/train-600xx1628-1084-0-140*100xx399-399-101-0.jpg">MBTA Chief Beverly Scott on Monday sent out a "special message" to the transit authority's "valued customers." The message was that the embattled organization will discuss a series of fare reimbursement options in March.
Choice phrases in the message include:
"This past month has been an extraordinarily challenging time for the MBTA, but even more so for our customers." "We tremendously respect and appreciate the hundreds of thousands of our customers who use MBTA services every day for work, school,…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/qjCd3qM3zwk" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/dear-mbta-your-non-apology-has-been-fully-accepted.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/red-line-trains-resume-service-to-north-quincy.htmlRed Line trains resume service to North Quincy after almost 2 weeksFri, 20 Feb 2015 11:49:29 +0000http://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/bU7zV0gsWjo/red-line-trains-resume-service-to-north-quincy.html
MBTA officials confirmed this morning that Red Line trains will resume service to North Quincy for the first time in nearly two weeks, according to NECN.
The snow and cold have prevented any trains from running on the Braintree line since the snowstorm on Feb. 14. The MBTA says service to Braintree will resume as of Monday.
Outgoing MBTA General Manager Beverly Scott said that 200 MBTA workers were helped by a local service employees union and contractors on Thursday to remove snow between the…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/bU7zV0gsWjo" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/red-line-trains-resume-service-to-north-quincy.htmlhttp://www.bizjournals.com/boston/blog/mass_roundup/2015/02/snow-and-cold-could-account-for-billions-lost-and.htmlSnow and cold could account for billions lost and slow economic growthThu, 19 Feb 2015 11:19:30 +0000http://feeds.bizjournals.com/~r/bbj_morning_roundup/~3/_-FpkYp84-4/snow-and-cold-could-account-for-billions-lost-and.html
The snow and cold that has pounded transportation systems across Massachusetts and kept people huddled at home away from shops and restaurants could cost the state's businesses billions, slowing economic growth.
As reported by the State House News Service, a study by IHS Global Insight estimated that a one-day snow-related shutdown in Massachusetts would cost the Massachusetts economy a total of $265 million. However, Michael Goodman, an economist at UMass Dartmouth who shared the research, cautioned…<img src="//feeds.feedburner.com/~r/bbj_morning_roundup/~4/_-FpkYp84-4" height="1" width="1" alt=""/>http://www.bizjournals.com/boston/blog/mass_roundup/2015/02/snow-and-cold-could-account-for-billions-lost-and.html